Calling for the annulment of the Monroe Doctrine and the development of a "New Good Neighbor" policy in order to foster improved relations and deeper, more effective cooperation between the United States and its Latin American and Caribbean neighbors.

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.